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Literature review concerning the relationship between globalization and regionalization in the world economy

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  • Balasan, Andrei-Cristian

Abstract

In this paper we review the literature on regionalization and globalization and implicitly the impact these two processes have over the world economy. Characterized by a several number of studies, this research is focused on different time periods, methodologies and model parameters. We identify the key empirical findings from the literature and analyze the impact of the relationship between globalization and regionalization on prices, wages, capital flows and the labor market. The results offer clear evidence that these two processes are not mutually exclusive and cannot be analyzed separately from each other. Future research should examine closely the impact of globalization and regionalization over population's purchasing power.

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File URL: http://mpra.ub.uni-muenchen.de/39746/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 39746.

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Date of creation: 30 Jun 2012
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Handle: RePEc:pra:mprapa:39746

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Keywords: regionalization; globalization; literature review;

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  1. Christodoulakis, Nicos & Dimelis, Sophia P & Kollintzas, Tryphon, 1995. "Comparisons of Business Cycles in the EC: Idiosyncracies and Regularities," Economica, London School of Economics and Political Science, vol. 62(245), pages 1-27, February.
  2. Soloaga, Isidro & Alan Wintersb, L., 2001. "Regionalism in the nineties: what effect on trade?," The North American Journal of Economics and Finance, Elsevier, vol. 12(1), pages 1-29, March.
  3. Edward Christie, 2002. "Potential Trade in Southeast Europe: a Gravity Model Approach," wiiw Working Papers 21, The Vienna Institute for International Economic Studies, wiiw.
  4. David Hummels, 2007. "Transportation Costs and International Trade in the Second Era of Globalization," Journal of Economic Perspectives, American Economic Association, vol. 21(3), pages 131-154, Summer.
  5. C.A. Primo Braga & Raed Safadi & Alexander Yeats, 1994. "Regional Integration in the Americas: Déjà Vu All Over Again?," The World Economy, Wiley Blackwell, vol. 17(4), pages 577-602, 07.
  6. Foster, Neil & Poeschl, Johannes & Stehrer, Robert, 2011. "The impact of Preferential Trade Agreements on the margins of international trade," Economic Systems, Elsevier, vol. 35(1), pages 84-97, March.
  7. Kaminski, Bartlomiej & Ng, Francis, 2005. "Production disintegration and integration of Central Europe into global markets," International Review of Economics & Finance, Elsevier, vol. 14(3), pages 377-390.
  8. Maurice Schiff & L. Alan Winters, 2003. "Regional Integration and Development," World Bank Publications, The World Bank, number 15172, October.
  9. P. Hiebert & I. Vansteenkiste, 2010. "International trade, technological shocks and spillovers in the labour market: a GVAR analysis of the US manufacturing sector," Applied Economics, Taylor & Francis Journals, vol. 42(24), pages 3045-3066.
  10. C. Fred Bergsten, 1997. "Open Regionalism," The World Economy, Wiley Blackwell, vol. 20(5), pages 545-565, 08.
  11. Dées, Stéphane & Vansteenkiste, Isabel, 2007. "The transmission of US cyclical developments to the rest of the world," Working Paper Series 0798, European Central Bank.
  12. Matthieu Bussière & Bernd Schnatz, 2009. "Evaluating China’s Integration in World Trade with a Gravity Model Based Benchmark," Open Economies Review, Springer, vol. 20(1), pages 85-111, February.
  13. Soloaga, Isidro & Winters, L. Alan, 1999. "How has regionalism in the 1990s affected trade?," Policy Research Working Paper Series 2156, The World Bank.
  14. Böwer, Uwe & Guillemineau, Catherine, 2006. "Determinants of business cycle synchronisation across euro area countries," Working Paper Series 0587, European Central Bank.
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